V-FM Pensions #152: TPT's Philip Smith and Ruari Grant

This week on V-FM, hosts Darren and Nico are joined by Philip Smith and Ruari Grant from TPT, a £11.5bn, 500,000-member hybrid powerhouse quietly shaping some of the biggest shifts in UK pensions. From mandation risks and the unanswered questions behind the £25bn scale test, to the real tensions inside the Value for Money framework, this conversation goes straight to the heart of the Pensions Bill and why detail really matters. We get into what “value” actually means, the risk of herding into vanilla strategies, and why decumulation is the missing piece in today’s policy push. Plus we take a look at TPT’s award-winning retirement solution, its profit-for-purpose model, and how CDC fits alongside DC, not instead of it. Big themes, sharp takes, lots discussed and lots still to discuss! 🎧 Well worth a listen 🎧